Micron, the WTF AI Mania Chart of the Year (opens in new tab)

The stock of memory chip maker Micron Technology has a history of fantastical mania spikes that then collapse. So now there’s another fantastical mania spike, but it’s an AI mania spike, and everything else pales compared to it. Since the low of April 3, 2025, Micron’s stock [MU] exploded by 1,315%, and its market capitalization exploded from $72 billion to $1.01 trillion. Over the past 12 months, shares exploded by 854%. Yesterday, they spiked by 19%. Today, they’re up about 2% at the moment...